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A store sells a laptop for $800 after applying a 20% markup. What was the origin

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Question: A store sells a laptop for $800 after applying a 20% markup. What was the original price?

Options:

  1. 640
  2. 600
  3. 700
  4. 720

Correct Answer: 640

Solution:

Let original price = x. 1.2x = 800. x = 800 / 1.2 = 666.67.

A store sells a laptop for $800 after applying a 20% markup. What was the origin

Practice Questions

Q1
A store sells a laptop for $800 after applying a 20% markup. What was the original price?
  1. 640
  2. 600
  3. 700
  4. 720

Questions & Step-by-Step Solutions

A store sells a laptop for $800 after applying a 20% markup. What was the original price?
  • Markup Calculation – Understanding how to calculate the original price from a selling price after a markup has been applied.
  • Percentage Application – Applying percentage increases to determine final prices and working backwards to find original values.
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